Annamalai University 2008 Certification Office Management COMMERCIAL PRACTICE - Question Paper

ans ques. No : one compulsory
and any 4 ques. from the rest.
All ques. carry equal marks.
1. From the fol lowing t rai l balance of
Mr. M.P.D. Dharshan as on 30-6-2007, prepare
the trading and profit and loss account for
the year ended 30-6-2007 and the balance
sheet as on that date:
Captial -... four nine ,0 0 0
D r aw in g s four ,0 0 0 -...
G e n e r al e x pe n s e s five ,6 eight 0 -...
B u ild in g s three 2,0 0 0 -...
O pe n in g s to c k three 2,4 0 0 -...
Co al four ,4 eight 0 -...
Wag e s one four ,4 0 0 -...
I n s u r an c e an d tax 2,6 three 0 -...
S u n d r y c r e d ito r s -... five ,76 0
S u n d r y d e b to r s one 2,5 six 0 -...
D is c o u n t one ,1 0 0 -...
L o an six % in te r e s t -... one five ,0 0 0
M o pe d 7,5 0 0 -...
R e n t five 0 0 -...
E m plo y e e in s u r an c e
pr e m iu m -... one ,8 0 0
D is c o u n t r e c e iv e d -... 2,6 four 0
E le c tr ic ty c h ar g e s 2,8 one 0 -...
B ills pay ab le -... 7,70 0
Cas h one six 0 -...
B an k o v e r d r af t -... six ,6 0 0
I n d ian b an k s h ar e s five ,0 0 0 -...
S ale s -... one ,3 0 ,720
P u r c h as e nine three ,5 five 0 -...
I n te r e s t o n lo an four five 0 -...
2,1 nine ,220 2,1 nine ,220
D e b it
R s .
Cr e d it
R s .
2
The subsequent adjustments are necessary :
(i) Closing stock Rs.47,000.
(ii) Interest on loan is due for the past
six months.
(iii) Prepaid insurance Rs.230.
(iv) Prepaid discount Rs.340.
(v) Employee insurance premium
outstanding Rs.200.
2. discuss the different classifications of trade.
3. Distinguish ranging from hire purchase system and
installement system.
4. discuss the role of wholesaler for the economic
development of a nation.
5. List out the documents used in commerce.
6. What are the qualities of a good salesmen ?
7 . Wr ite a s h o r t n o te s o n :
( a ) D e b it n o te .
( b ) D o c u m e n ta r y b ill.
( c ) P r o f o r m a in v o ic e .
8 . C r i t i c a l l y e x a m i n e t h e f u n c t i o n s o f a
c o m m e r c ia l b a n k .
9 . Wh a t a r e th e e s s e n tia ls o f a v a lid c o n tr a c t ?
1 0 . Wh a t d o y o u u n d e r s ta n d b y a m o r tg a g e ?
E x p la in in b r ie f th r e e usual forms of mortgage
to secure a bank finance .

Earning:   Approval pending.